Singapore legislation
Section 2
Section 2
Interpretation
In this Act, unless the context otherwise requires —“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;“book-entry Treasury Bill” means a Treasury Bill issued in Singapore under this Act in the form of an entry on the records of the Authority;“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry Treasury Bills by way of a custodial service for its customers; and
maintains accounts in the names of its customers reflecting ownership or interest in such book‑entry Treasury Bills;“depositor” means any person in whose name an account is established and maintained on the records of the Authority;“Government Securities Fund” means the Government Securities Fund established under Part 2 of the Government Securities Act 1992;“pledge” includes a pledge of, or any security interest in, a book‑entry Treasury Bill —
as collateral for loans or advances; or
to secure deposits of public moneys or the performance of an obligation;“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation;“Treasury Bill” includes a book‑entry Treasury Bill.
Definition
“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;
Definition
“book-entry Treasury Bill” means a Treasury Bill issued in Singapore under this Act in the form of an entry on the records of the Authority;
Definition
“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry Treasury Bills by way of a custodial service for its customers; and
maintains accounts in the names of its customers reflecting ownership or interest in such book‑entry Treasury Bills;
Definition
“depositor” means any person in whose name an account is established and maintained on the records of the Authority;
Definition
“Government Securities Fund” means the Government Securities Fund established under Part 2 of the Government Securities Act 1992;
Definition
“pledge” includes a pledge of, or any security interest in, a book‑entry Treasury Bill —
as collateral for loans or advances; or
to secure deposits of public moneys or the performance of an obligation;
Definition
“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation;
Definition
“Treasury Bill” includes a book‑entry Treasury Bill.